Indonesia eyes $316 mln retail sukuk issue in Feb

From Alibaba.com: Indonesia’s finance ministry has set an indicative target of 3 trillion rupiah ($316 million) for its retail sukuk bonds due to be sold in February, Rahmat Waluyanto, head of the ministry’s debt office, said.

The sukuk, or Islamic bonds, are part of an array of debt instruments aimed at retail, institutional, and foreign investors, as the finance ministry plans to borrow 175.1 trillion rupiah in 2010 to fund its budget deficit and repay maturing bonds…………………………………..Full Article: Source